Modesto Real Estate

Featured Article

• Wachovia Changes The Lending Game

  Wednesday Jul 2 | via Realty Trac 

  With assets of more than $800 billion, Wachovia is the nation's fourth-largest banking institution .

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, Foreclosures

Local Headlines

• Stockton waterfront hotel in receivership

  21 hrs ago | via The Modesto Bee 

  A receiver appointed in San Joaquin County Superior Court now controls Stockton's Sheraton Hotel, a the 221-room hotel and condominium building that is key to the city's waterfront development efforts.

  Comment?

  Related Topix: San Joaquin County, CA, Stockton, CA, Foreclosures

• Foreclosure Workshops Planned

  21 hrs ago | via The KCRA Channel 

  Two foreclosure prevention events are scheduled to take place in the Central Valley today and Saturday.

  Comment?

  Related Topix: Foreclosures, Modesto, CA, Modesto Metro, Livingston, CA, San Joaquin County, CA, Stockton, CA

• SJ County Foreclosures

  Wednesday | via KFIV-AM Modesto 

  During April, May and June, there were nearly 32-hundred homes lost to foreclosure in San Joaquin County, another 22-hundred in Stanislaus County, and more than 12-hundred in Merced County.

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  Related Topix: Foreclosures, San Joaquin, CA, San Joaquin County, CA, Stanislaus County, CA, Merced County, CA

• Foreclosures hit record heights, especially in North Valley

  Tuesday Jul 22 | via Fresno Bee 

  Foreclosures rose to record levels in figures released Tuesday -- but amid the gloom were glimmers of hope.

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Stanislaus County, CA, San Joaquin County, CA, Fresno County, CA

• WA state to revoke license of CA mortgage company

  Tuesday Jul 22 | via The Modesto Bee 

  Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions says an investigation has found Paramount Equity Mortgage Inc.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Paramount, CA

Regional Headlines

• State home sales up 18%

  4 hrs ago | via LA Daily News 

  Home sales across California jumped nearly 18 percent during June compared with a year earlier as discounted foreclosures lured buyers back into the real-estate market, a trade association said Friday.

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  Related Topix: Los Angeles Metro, Los Angeles Metro, Housing, California, Real Estate, Foreclosures

• Median home prices fall by 6.1% in county

  4 hrs ago | via Pasadena Star-News 

  Los Angeles County's median home price fell 6.1 percent last month to $396,560 and was off a record 32.3 percent from a year earlier, the California Association of Realtors reported Friday.

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  Related Topix: Los Angeles County, CA, Real Estate, California, San Gabriel, CA, Hacienda Heights, CA

• L.A. home sales up 1.7% in June

  16 hrs ago | via Daily Breeze 

  Home sales rose 1.7 percent in the Los Angeles area in June, compared with the same period a year ago, while the median home price fell 32.3 percent to $396,560, according to figures released today.

  Comment?

  Related Topix: Real Estate, Los Angeles Metro, Los Angeles Metro, Housing, California, Orange County Metro

• East West impacted by housing crisis

  17 hrs ago | via San Gabriel Valley Tribune 

  East West Bancorp, Inc. on Friday reported a $25.9 million loss for the second quarter, the bank's first shortfall since 1981.

  Comment?

  Related Topix: California, Home, Mortgage, Financial Services, IndyMac Bancorp, Banking, East West Bancorp

• Second quarter foreclosures up 121%

  22 hrs ago | via San Jose Business Journal 

  Foreclosure filings were reported on 739,714 U.S. properties during the second quarter, nearly 14 percent up from the previous quarter and 121 percent higher than the year-ago quarter, according to a report ...

  Comment?

  Related Topix: Foreclosures, California, Stockton Metro, San Bernardino, CA, Bakersfield Metro, Bakersfield, CA

National Headlines

• Housing rescue bill heads to Bush for signature

  3 min ago | via Morris Daily Herald 

  Congress passed the most significant housing legislation in decades Saturday, offering help to struggling homeowners and seeking to stabilize a troubled housing market that has dragged down the economy.

  Comment?

  Related Topix: George Bush, Foreclosures, US Politics, US News, 2008 Presidential Election, Home, Mortgage

• Bill heads to Bush for signature

  3 min ago | via WWLP 

  The Senate has overwhelmingly approved a bill aimed at helping thousands of struggling homeowners fight off foreclosure.

  Comment?

  Related Topix: Foreclosures, Home, Mortgage, Mortgage, Personal Finance

• Federal Regulators Close Two More Banks

  3 min ago | via X101.5 

  Federal regulators have closed two banks in the West, saying they were undercapitalized due to the poor performance of home mortgage loans.

  Comment?

  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Reno Metro, Reno, NV

• U.S. Congress approves massive housing bill

  3 min ago | via The Globe and Mail 

  The bill was approved by the Senate in a 72-13 vote. It was passed by the House of Representatives on Wednesday.

  Comment?

  Related Topix: Housing, George Bush, Financial Services, Fannie Mae, US News, US Politics, Home, Mortgage

• Provisions of housing-mortgage relief bill

  4 min ago | via Buffalo News 

  The housing bill that Congress passed Saturday and sent to President Bush would: -Give the Federal Housing Administration $300 billion in new lending authority and relax standards to provide affordable, ...

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  Related Topix: Home, Mortgage, Mortgage, Personal Finance, Housing